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0 pointsdeogeo6y ago0 comments

It should be noted that music label contracts are notoriously one-sided, and artists often make their labels millions without seeing a dime themselves.

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cortesoft6y ago

Do record labels make crazy profit for the capital costs? Or are they one of those businesses where for every Taylor Swift getting screwed by not getting a fair percentage of the value of her earnings, are there 50 other artists who got a good size advance and never made any money?

I honestly don't know. I just think we have a tendency to only think about the successful artists when we evaluate the fairness of a contract.

divbzero6y ago

We should thank those who have helped nudge the startup world in a different direction.

hn_throwaway_996y ago

Hallelujah. I'm honestly kind of dismayed at how many people are saying "tough shit Taylor Swift", when I hear people bitch on this site all the time about the unfairness of things like non-competes, lopsided preference rights, etc. that end up in the contracts of engineers and the startup founders.

While I don't know if it's the same people bitching about these contract provision who are also saying Taylor Swift should cry me a river, the overall tone strikes me as completely hypocritical. Just search for any post on this site about non-competes and tell me how many upvoted comments you see saying "Tough shit, why did you sign the contract then?"

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